Cenovus Energy (CVE) Stock Forecast & Price Target $11.19 -0.06 (-0.55%) Closing price 04/7/2025 03:59 PM EasternExtended Trading$11.89 +0.70 (+6.27%) As of 04/7/2025 07:55 PM Eastern Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Polygon.io. Learn more. Add Compare Share Share Analyst Forecasts Stock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesOptions ChainOwnershipSEC FilingsShort InterestSustainabilityTrendsBuy This Stock Cenovus Energy - Analysts' Recommendations and Stock Price Forecast (2025) How MarketBeat Calculates Price Target and Consensus Rating MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data. Consensus Rating Moderate BuyBased on 6 Analyst RatingsSell0Hold2Buy4 Based on 6 Wall Street analysts who have issued ratings for Cenovus Energy in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 6 analysts, 2 have given a hold rating, 3 have given a buy rating, and 1 has given a strong buy rating for CVE. Consensus Price Target $29.00159.21% Upside According to the 6 analysts' twelve-month price targets for Cenovus Energy, the average price target is $29.00. The highest price target for CVE is $34.00, while the lowest price target for CVE is $25.00. The average price target represents a forecasted upside of 159.21% from the current price of $11.19. Get the Latest News and Ratings for CVE and Related Stocks Enter your email address to receive the latest news and analysts' ratings for Cenovus Energy and its competitors. Enter your email to sign up for newsletter Sign Up CVE Analyst Ratings Over TimeTypeCurrent Forecast4/8/24 to 4/8/251 Month Ago3/9/24 to 3/9/253 Months Ago1/9/24 to 1/8/251 Year Ago4/9/23 to 4/8/24Strong Buy1 Strong Buy rating(s)0 Strong Buy rating(s)0 Strong Buy rating(s)0 Strong Buy rating(s)Buy3 Buy rating(s)4 Buy rating(s)5 Buy rating(s)5 Buy rating(s)Hold2 Hold rating(s)2 Hold rating(s)1 Hold rating(s)0 Hold rating(s)Sell0 Sell rating(s)0 Sell rating(s)0 Sell rating(s)0 Sell rating(s)Consensus Price Target$29.00$29.25$30.00$26.67Forecasted Upside159.21% Upside130.04% Upside95.69% Upside24.20% UpsideConsensus RatingModerate BuyModerate BuyModerate BuyBuy Remove Ads CVE Analyst Recommendations By MonthAnalyst Ratings Chart DescriptionThe chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.Skip Chart & View Analyst Rating History CVE Price Targets by MonthAverage Share Price and Price Target by Month Chart DescriptionThe chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.Skip Chart and View Analyst Price Target HistorySkip Chart & View Price History Table Cenovus Energy Stock vs. The CompetitionTypeCenovus EnergyEnergy CompaniesS&P 500Consensus Rating Score 2.83 2.71 2.53Consensus RatingModerate BuyModerate BuyModerate BuyPredicted Upside159.21% Upside1,808.51% Upside33.18% UpsideNews Sentiment RatingPositive NewsSee Recent CVE NewsPositive NewsPositive News Remove Ads Recent Analyst Forecasts and Stock Ratings All Ratings Strong Buy Buy Hold Sell Rating Show All Upside > 100% Upside 50% - 100% Upside 20% - 50% Upside 10% - 20% Upside 0% - 10% Downside 0% - 10% Downside 10% - 20% Downside 20% - 50% Downside 50% - 100% Downside > 100% Upside/Downside All Actions Upgrades Downgrades Initiates Coverage Raises Target Lowers Target Reiterates Rating Action Custom Range 1 Month 3 Months 6 Months Year-to-Date 1 Year 3 Years 5 Years Time Frame Start Date End Date Most Recent from Each Brokerage All Show Export to Excel DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails4/2/2025Royal Bank of Canada4 of 5 starsGreg PardySubscribe to MarketBeat All Access for the recommendation accuracy ratingReiterated RatingOutperform ➝ Outperform$25.00 ➝ $25.00+78.25%3/26/2025Morgan Stanley3 of 5 stars Reiterated RatingOverweight ➝ Overweight3/19/2025Scotiabank5 of 5 starsK. FiskSubscribe to MarketBeat All Access for the recommendation accuracy ratingUpgradeStrong-Buy2/21/2025National Bank FinancialSubscribe to MarketBeat All Access for the recommendation accuracy ratingT. WoodSubscribe to MarketBeat All Access for the recommendation accuracy ratingDowngradeOutperform ➝ Sector Perform11/1/2024BMO Capital MarketsSubscribe to MarketBeat All Access for the recommendation accuracy rating Lower TargetOutperform ➝ Outperform$31.00 ➝ $28.00+74.13%10/1/2024TD SecuritiesSubscribe to MarketBeat All Access for the recommendation accuracy ratingM. HulshofSubscribe to MarketBeat All Access for the recommendation accuracy ratingDowngradeStrong-Buy ➝ Hold5/28/2024Raymond JamesSubscribe to MarketBeat All Access for the recommendation accuracy ratingJ. MccreaSubscribe to MarketBeat All Access for the recommendation accuracy ratingUpgradeModerate Buy2/23/2024UBS GroupSubscribe to MarketBeat All Access for the recommendation accuracy rating UpgradeNeutral ➝ Buy6/6/2023The Goldman Sachs GroupSubscribe to MarketBeat All Access for the recommendation accuracy rating UpgradeNeutral ➝ Buy$20.00 ➝ $22.00+29.18%Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 06:39 AM ET. Should I Buy Cenovus Energy Stock? CVE Pros and Cons Explained These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Wednesday, April 2, 2025. Please send any questions or comments about these Cenovus Energy pros and cons to contact@marketbeat.com. Cenovus Energy Bull Case Here are some ways that investors could benefit from investing in Cenovus Energy Inc.: The stock has an "outperform" rating reaffirmed by Royal Bank of Canada, indicating strong potential for growth. Current stock price is $14.04, which presents a significant upside potential of 78.13% based on the target price of $25.00 set by analysts. Cenovus Energy Inc. has a market capitalization of $25.59 billion, suggesting it is a well-established player in the oil and gas sector. The company has a relatively low debt-to-equity ratio of 0.24, indicating a strong balance sheet and lower financial risk. Recent insider buying activity, including a senior officer purchasing shares, can signal confidence in the company's future performance. Cenovus Energy Bear Case Investors should be bearish about investing in Cenovus Energy Inc. for these reasons: Despite the positive ratings, the stock has experienced volatility, with a 12-month high of $21.90 and a low of $12.08, indicating potential instability. Recent downgrades from some analysts, such as National Bank Financial lowering their rating from "outperform" to "sector perform," may reflect concerns about future performance. The company's current ratio of 1.59, while acceptable, suggests that it may face challenges in meeting short-term liabilities compared to its current assets. With a P/E ratio of 11.59, the stock may not be as undervalued as it appears, especially if earnings do not grow as expected. Market conditions for oil and gas can be unpredictable, and fluctuations in oil prices could adversely affect Cenovus Energy Inc.'s profitability. CVE Forecast - Frequently Asked Questions What is Cenovus Energy's forecast for 2025? According to the research reports of 6 Wall Street equities research analysts, the average twelve-month stock price forecast for Cenovus Energy is $29.00, with a high forecast of $34.00 and a low forecast of $25.00. Should I buy or sell Cenovus Energy stock right now? 6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Cenovus Energy in the last twelve months. There are currently 2 hold ratings, 3 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" CVE shares. Does Cenovus Energy's stock price have much upside? According to analysts, Cenovus Energy's stock has a predicted upside of 159.21% based on their 12-month stock forecasts. Has Cenovus Energy been upgraded or downgraded by Wall Street analysts recently? Over the previous 90 days, Cenovus Energy's stock had 1 upgrade and 1 downgrade by analysts. What analysts cover Cenovus Energy? Cenovus Energy has been rated by research analysts at Morgan Stanley, National Bank Financial, Royal Bank of Canada, and Scotiabank in the past 90 days. Do Wall Street analysts like Cenovus Energy more than its competitors? Analysts like Cenovus Energy more than other "energy" companies. The consensus rating score for Cenovus Energy is 2.83 while the average consensus rating score for "energy" companies is 2.71. Learn more on how CVE compares to other companies. Stock Forecasts and Research Tools Related Companies Petróleo Brasileiro S.A. - Petrobras Stock Forecast BP Stock Forecast Equinor ASA Stock Forecast Canadian Natural Resources Stock Forecast ENI Stock Forecast Suncor Energy Stock Forecast Chesapeake Energy Stock Forecast Woodside Energy Group Stock Forecast Pembina Pipeline Stock Forecast Coterra Energy Stock Forecast Today's Ratings U.S. Ratings U.K. Ratings Canadian Ratings All Upgrades All Downgrades All Initiations All Price Target Changes Top-Rated Stocks Top Rated Stocks Top-Rated Dividend Stocks Top-Rated Small-Cap Stocks Top-Rated Tech Stocks Most-Upgraded Stocks Most-Downgraded Stocks Lowest-Rated Stocks More Ratings Tools Stock Ratings by Issuer Top-Rated Analysts Top-Rated Brokerages Stock Ratings Screener Free Ratings Newsletter This page (NYSE:CVE) was last updated on 4/8/2025 by MarketBeat.com Staff From Our PartnersFeds Just Admitted It—They Can Take Your CashThe Government Just Said Your Money Isn't Yours That's right—According to the DOJ, YOUR hard-earned money i...Priority Gold | SponsoredThree new patents reveal Elon and Trump’s secret “Project America”Right now for a limited time… You can get Tim Bohen’s top 5 Trump stocks for 2025… For only ONE DOLLAR!...Timothy Sykes | SponsoredAltucher: Turn $900 into $108,000 in just 12 months?We are entering the final Trump Bump of our lives. 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